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Topic: Buy low, Sell high? - page 13. (Read 1783 times)

hero member
Activity: 1498
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January 23, 2022, 03:13:08 AM
#31
As we are not sure about the market and the market is volatile, its always advised to invest then and there. Just buy at the current price and go for a long term investment. Often our analysis might not be correct and we might waste our time in waiting for the price to go down. The price might move up. So just invest then and there. Set up a minimal profit so that often you will get profit and can shift among other coins.
This is the right time to buy Bitcoin and other coins and bank or store some, but investors are misunderstanding it in all ramifications, many of the investors are afraid of purchasing because their mindset is going directly to downfall again, but in actual sense we have to observe it very well before we adventure into it again. Any one who wants to adventure into long term investment, this is best opportunity to purchase weather bitcoin is coming up or not.
legendary
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January 22, 2022, 06:44:20 PM
#30
For me buying low and sell high is important and it is the most popular strategic way of earning in crypto, but the most important is the project itself and the posible outcome of the particular project if there is a chance to be successful or not price really matter but the most important is the project, we need to select good project for good.
You are right. We can expect that since the market is in dips right now, all coins are probably have lower prices. And when there is dips, there is good opportunity to buy those cheap coins in the market. But we don't have to buy all those coins which are in bargain, since not all of them have potentials to grow. This is the reason why we still need to be careful on buying this time as not all coins are safe to buy, some are definitely shitcoins that will only waste our money and time hodling them and end up losing money from them.
legendary
Activity: 3052
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January 22, 2022, 03:01:40 PM
#29
This usual error on trading since its very hard to let go your holdings when you are expecting more returns and your mind is very optimistic rather than selling in lose due to fear on losing more money. It's easy to give an advice to buy low and sell high but you really don't when the right low and high to start your trading since there is always a lower low and higher high in trading.
That's being greedy especially if you can already secure a big profit percentage and still continue to wait for something knowing that you are risking the profit from going much lower which inadvertently goes really low because you let greed take the wheel for your decision making. I got to admit, doing buy low and sell high stuff is hard for me because I just described myself in my post, I am greedy so I make sure that I can maximize my profit as much as possible and I end up getting much lower profit and end up hodling much longer.
This has been something I have been avidly against. If you want to make more profit then crypto is the way to make that. I mean just because you made 100% return doesn't mean that you should stop, how many 10x have we seen? How many x100? We have seen them all, even bitcoin itself moved from just few dollars to 30k+ right now, if you invested when it was 10k, and stopped at 20k, then you missed out on profit chances.

Being greedy is not a bad thing in crypto, in fact it is not even being greedy, it is just realizing that crypto could go up a lot more than traditional stuff. Yes in a stock market making 20% profit and selling could make sense, but in crypto world you could make a lot more profit.
sr. member
Activity: 1666
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January 22, 2022, 03:57:49 AM
#28
This usual error on trading since its very hard to let go your holdings when you are expecting more returns and your mind is very optimistic rather than selling in lose due to fear on losing more money. It's easy to give an advice to buy low and sell high but you really don't when the right low and high to start your trading since there is always a lower low and higher high in trading.
That's being greedy especially if you can already secure a big profit percentage and still continue to wait for something knowing that you are risking the profit from going much lower which inadvertently goes really low because you let greed take the wheel for your decision making. I got to admit, doing buy low and sell high stuff is hard for me because I just described myself in my post, I am greedy so I make sure that I can maximize my profit as much as possible and I end up getting much lower profit and end up hodling much longer.
sr. member
Activity: 2016
Merit: 283
January 22, 2022, 01:47:53 AM
#27

 I keep seeing a lot of people who are fearing the price right now, many people who are getting out, and plenty that thinks it will crash even harder.

now on this situation it's not surprising why there's a bunch of people who believe bitcoin will gonna crash more than people who believe it will not. Because  obviously most holders are negative despite of situation wherein after breaking 2 consecutive ATH it seems getting weaker. So for me it's either due to some news or they want to sell off to protect their profits and go buy again from the very dip as there's no sign of quick recovery.. Infact there's no worst news on this situation wherein only the bearish situation so for sure there's a good reason why people is selling.
hero member
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January 22, 2022, 01:32:31 AM
#26
buy high, sell low, it seems like this is happening now. I firmly believe that today there are a lot of people who have bought bitcoins above $40k, and have sold them at prices below that in a panic. well, we can't avoid FUD which makes people panic, but this term, is very possible right now.
I would argue that this happened for two reasons, the first because it was natural panic. this happens to people who are new to crypto, or people who join just because of the hype. while the second is, they immediately sell their assets, then wait until the price drops again and then buy them in large quantities to increase the amount of their assets. but, in this case, they are both common and common.
That looks like nice words for me. Those words have been used as a joke between our friends in my group chat. Many of us, including me, can not analyze with better, so one friend say buy high, sell low Grin

Yes, it is happening now as many people panic seeing the price is drop too deep without what they can predict. It seems when the price is down below $40k, people start to fear and worry and start selling some amount of bitcoin they have. But then, the price is going down for more and now, the price reached $36k and sooner or later, it can reach $33-$35k. But hopefully, the price will not reach $30k or lower because that will make more people sell their bitcoin. After all, they lose much money if they decide to sell at a lower price.
sr. member
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January 22, 2022, 01:15:13 AM
#25
buy high, sell low, it seems like this is happening now. I firmly believe that today there are a lot of people who have bought bitcoins above $40k, and have sold them at prices below that in a panic. well, we can't avoid FUD which makes people panic, but this term, is very possible right now.
I would argue that this happened for two reasons, the first because it was natural panic. this happens to people who are new to crypto, or people who join just because of the hype. while the second is, they immediately sell their assets, then wait until the price drops again and then buy them in large quantities to increase the amount of their assets. but, in this case, they are both common and common.

Yea many people did that, they panic and sell everything they have and get some USDT for low volatility. If we trust that bitcoin will go to the moon for another year then rather than sell what we have we can buy more using other capital this opportunity wont happen twice like years ago when the bitcoin price is only $3000. Panic naturally happens when something like this occurs but has a great mindset needed to keep calm and hodl
legendary
Activity: 2898
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January 22, 2022, 01:01:12 AM
#24
I keep seeing a lot of people who are fearing the price right now, many people who are getting out, and plenty that thinks it will crash even harder.
I will just intervene to ask you, do you have the proof that those people actually got out? Dont forget that many people will attempt to reduce the price even more by just saying this so that weak hands sell their coins and they can buy at even lower price. This is how the dip propagates.

Quote
Why does everyone think the same? I mean it shouldn't be like this right? I have been long enough to hear "buy low, sell high" a million times so far, and it has always been said when the market is low, but for some reason, people still do not feel hopeful when the price is low.
Every day there are new entrants in the market, who have low exposure to speculative markets like stocks or commodities. Crypto should only be taken by those who are vets in such topics, but this is not the case in reality. Such people see a big market crash and the "final doomsday" and they forget to see the previous crash and rise of bitcoin.

Quote
I can't promise that it will right away, but I am not selling, in fact, I am buying more. Focus on what can happen, and not what has happened, that way you can have some hope for the future.
I already have buy orders placed on one side and sell orders at much higher prices. I dont care if the price goes to 1$, I will buy and I will sell at a profit. But this mentality comes after some years of mainstream trading before adding to crypto trading.
copper member
Activity: 2800
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January 22, 2022, 12:40:29 AM
#23
This usual error on trading since its very hard to let go your holdings when you are expecting more returns and your mind is very optimistic rather than selling in lose due to fear on losing more money. It's easy to give an advice to buy low and sell high but you really don't when the right low and high to start your trading since there is always a lower low and higher high in trading.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
January 22, 2022, 12:36:49 AM
#22
buy high, sell low, it seems like this is happening now. I firmly believe that today there are a lot of people who have bought bitcoins above $40k, and have sold them at prices below that in a panic. well, we can't avoid FUD which makes people panic, but this term, is very possible right now.
I would argue that this happened for two reasons, the first because it was natural panic. this happens to people who are new to crypto, or people who join just because of the hype. while the second is, they immediately sell their assets, then wait until the price drops again and then buy them in large quantities to increase the amount of their assets. but, in this case, they are both common and common.
hero member
Activity: 2142
Merit: 670
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January 21, 2022, 06:45:19 PM
#21
I have been long enough to hear "buy low, sell high" a million times so far, and it has always been said when the market is low, but for some reason, people still do not feel hopeful when the price is low.
For some people, it is not as simple as the term "buy low, sell high". Except that we are doing that for a long-term investment with free money exactly, in the promising and top coins such as Bitcoin and ETH of course.
But, if that is for new coins, well, this is too much risk.
But, if we are daily traders, it will be more complex than only buying low and selling high because we don't know exactly when is the low and when is rising up to the high exactly happen.
legendary
Activity: 2940
Merit: 1083
January 21, 2022, 06:44:05 PM
#20
I keep seeing a lot of people who are fearing the price right now, many people who are getting out, and plenty that thinks it will crash even harder.

That's the always case during the bear trend.

And then the next day, if the price goes up, you will see questions like "Is it still too good to invest right now?"

That question will always be questioned regardless of the trend. It's like we should be used to seeing questions like that and if you are annoyed, then just ignore them and mind your own business.
hero member
Activity: 2520
Merit: 783
January 21, 2022, 06:34:39 PM
#19
Buy low and sell high is the basic rules in trading, but how to know when is the right time to but and sell?
Well, this will take a lot of analysis but of course its possible to spot your entry and exit price. With Bitcoin today as the price continues to go down I guess you can wait for the price of $37k before buying, and selling will depend on you either for long term holding or for short only, that’s your call.
Basic rules that could potentially fucked you up most of the time.  Cheesy Buy high Sell low in most cases which i couldnt really deny that even myself nowadays do still commit these kind of mistakes or for sure that other people do even commit no matter how professional or veteran you are on this market.Why? market is unpredictable simply the truth but with due experience and knowledge
you would able to lessen the risk % and you wouldnt able to notice it out if you wont able to find out for yourself.
A basic rules that many disregard most of the time because of too much greed and of course not knowledgeable enough about the market situation. This is not easy at all honestly since you still need to analyze before you sell or buy, it takes time but if you do it correctly that can be more profitable. To lessen the risk, you should always have a back up plan and a good strategy, buy low and sell high is the normal approach but its not enough to make good profit.

A basic rule which many can't follow since mostly what happen especially for newbie is they Buy high and sell Low which is totally not good to do that's why we need to analyze how the market does since reading the chart can really help also reading the market sentiments sometimes can help so I guess some can't avoid to do this especially when they are new but hopefully they can learn from their experience.
full member
Activity: 2128
Merit: 180
January 21, 2022, 06:30:31 PM
#18
Buy low and sell high is the basic rules in trading, but how to know when is the right time to but and sell?
Well, this will take a lot of analysis but of course its possible to spot your entry and exit price. With Bitcoin today as the price continues to go down I guess you can wait for the price of $37k before buying, and selling will depend on you either for long term holding or for short only, that’s your call.
Basic rules that could potentially fucked you up most of the time.  Cheesy Buy high Sell low in most cases which i couldnt really deny that even myself nowadays do still commit these kind of mistakes or for sure that other people do even commit no matter how professional or veteran you are on this market.Why? market is unpredictable simply the truth but with due experience and knowledge
you would able to lessen the risk % and you wouldnt able to notice it out if you wont able to find out for yourself.
A basic rules that many disregard most of the time because of too much greed and of course not knowledgeable enough about the market situation. This is not easy at all honestly since you still need to analyze before you sell or buy, it takes time but if you do it correctly that can be more profitable. To lessen the risk, you should always have a back up plan and a good strategy, buy low and sell high is the normal approach but its not enough to make good profit.
legendary
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January 21, 2022, 06:15:45 PM
#17
I keep seeing a lot of people who are fearing the price right now, many people who are getting out, and plenty that thinks it will crash even harder.

Actually, there's nothing wrong if they get out of the current price if they anticipate that the price will dip more. It does mean that they like to take advantage while at disadvantage since instead of expecting the price will boom the next day, they cut their losses to expect that they will cover it once the price dip more.

But if they sell it because of fear, that's another story.

Why does everyone think the same? I mean it shouldn't be like this right? I have been long enough to hear "buy low, sell high" a million times so far, and it has always been said when the market is low, but for some reason, people still do not feel hopeful when the price is low.

Let them experience mistakes. Later on, they will soon realize that instead of panicking, turned the bearish trend to their advantage by buying at the dip.

You can't blame them, especially those with a big paper loss already. It's not easy for them to just stand still without doing any actions.
legendary
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January 21, 2022, 06:04:44 PM
#16
~snip~
 However, if tomorrow the price starts to go up, and if the price reaches 70k in 2022, then you should remind yourself this day when the price was under 40k, and you felt fear instead of hope. Because prices always go down before it starts to go up. I can't promise that it will right away, but I am not selling, in fact, I am buying more. Focus on what can happen, and not what has happened, that way you can have some hope for the future.
^ Probably only those fool investors who sell during the price are dumped.
Never sell if the price goes down and wait until it will be recovered back. BTC price is so volatile and I think 1 or 2 days it will go up again without further notice. The word HODL is a must right now if you are a investors last month when the price was above $40k, anytime by now BTC price will surge back and you may think that you are late on reinvesting and feel regret because you are selling your BTC under the price where you purchase.
Selling at the current price is a big no this time since prices are in dips, and hodling should be a must. Because if you tend to panic and fear about the current events, then you should not be in crypto in the first place. You should never forget that crypto is not all about bullish and selling for profits, but also buying and hodling too in times of dips. If you can't bear the pressure right now, then i suggest you take a break and come back only when the market has recover. At least, it will be the best way to avoid losses on your part.
hero member
Activity: 2590
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January 21, 2022, 05:52:18 PM
#15
~snip~
 However, if tomorrow the price starts to go up, and if the price reaches 70k in 2022, then you should remind yourself this day when the price was under 40k, and you felt fear instead of hope. Because prices always go down before it starts to go up. I can't promise that it will right away, but I am not selling, in fact, I am buying more. Focus on what can happen, and not what has happened, that way you can have some hope for the future.
^ Probably only those fool investors who sell during the price are dumped.
Never sell if the price goes down and wait until it will be recovered back. BTC price is so volatile and I think 1 or 2 days it will go up again without further notice. The word HODL is a must right now if you are a investors last month when the price was above $40k, anytime by now BTC price will surge back and you may think that you are late on reinvesting and feel regret because you are selling your BTC under the price where you purchase.
copper member
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January 21, 2022, 05:35:20 PM
#14

 I keep seeing a lot of people who are fearing the price right now, many people who are getting out, and plenty that thinks it will crash even harder.

 Why does everyone think the same? I mean it shouldn't be like this right? I have been long enough to hear "buy low, sell high" a million times so far, and it has always been said when the market is low, but for some reason, people still do not feel hopeful when the price is low.

 I am not going to make your investments for you, it is not my decision to sell or buy for you, if you want to get out right now and feel scared then you should do that, it is your money and only you can decide that.

 However, if tomorrow the price starts to go up, and if the price reaches 70k in 2022, then you should remind yourself this day when the price was under 40k, and you felt fear instead of hope. Because prices always go down before it starts to go up. I can't promise that it will right away, but I am not selling, in fact, I am buying more. Focus on what can happen, and not what has happened, that way you can have some hope for the future.
FUD. They see the price crashing, they fear and sell because they think the price will crash even further more. Panic selling in other words. But not everyone panic sells. There are some people that sell to take profit and wait for the price to crash further so they can buy more and maximize their profit. Risky, but they are willing to take the risk. Others, as soon as they see the price fall, they sell at a loss to cut it short. Most of them are probably new to the market and they haven't seen a crash before. But when they will see the price go back up again, they will learn from it.
hero member
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January 21, 2022, 04:59:35 PM
#13
Buy low and sell high is the basic rules in trading, but how to know when is the right time to but and sell?
Well, this will take a lot of analysis but of course its possible to spot your entry and exit price. With Bitcoin today as the price continues to go down I guess you can wait for the price of $37k before buying, and selling will depend on you either for long term holding or for short only, that’s your call.
Basic rules that could potentially fucked you up most of the time.  Cheesy Buy high Sell low in most cases which i couldnt really deny that even myself nowadays do still commit these kind of mistakes or for sure that other people do even commit no matter how professional or veteran you are on this market.Why? market is unpredictable simply the truth but with due experience and knowledge
you would able to lessen the risk % and you wouldnt able to notice it out if you wont able to find out for yourself.
full member
Activity: 2086
Merit: 193
January 21, 2022, 04:59:26 PM
#12
Always take profit as much as possible and don’t ever sell below your cut off price because you might lose everything so its very important to always have your strategy since you can’t simply buy and sell without this. Know your target price always, the buy and low system will not work if you don’t know how to execute it, but if you want to be more profitable you should sell at profit.
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